id author title date pages extension mime words sentences flesch summary cache txt cord-152881-k1hx1m61 Toda, Alexis Akira Susceptible-Infected-Recovered (SIR) Dynamics of COVID-19 and Economic Impact 2020-03-25 .txt text/plain 4655 361 67 This paper aims to help decision making by building a mathematical epidemic model, estimating it using the up-to-date data of COVID-19 cases around the world, making out-of-sample predictions, and discussing optimal policy and economic impact. Due to the high transmission rate and lack of herd immunity, in the absence of mitigation measures such as social distancing, the virus spreads quickly and may infect around 30 percent of the population at the peak of the epidemic. 4 Although the fraction of cases c(t) is likely significantly underestimated because infected individuals do not appear in the data unless they are tested, it does not cause problems for estimating the parameter of interest (the transmission rate β) because under-reporting is absorbed by the constant y 0 in (2.3b), which only affects the onset of the epidemic by a few weeks without changing the overall dynamics (see Figure 5 ). ./cache/cord-152881-k1hx1m61.txt ./txt/cord-152881-k1hx1m61.txt